Analog Devices, Inc. $ADI Shares Sold by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.3% during the second quarter, HoldingsChannel reports. The firm owned 19,350 shares of the semiconductor company’s stock after selling 446 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Analog Devices were worth $4,606,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. raised its holdings in Analog Devices by 284.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock valued at $6,262,000 after acquiring an additional 22,973 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Analog Devices in the first quarter valued at $296,000. Keybank National Association OH raised its holdings in Analog Devices by 85.8% in the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock valued at $5,461,000 after acquiring an additional 12,505 shares in the last quarter. Eastern Bank raised its holdings in Analog Devices by 6.0% in the first quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 11,101 shares in the last quarter. Finally, McLean Asset Management Corp acquired a new stake in Analog Devices in the second quarter valued at $262,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on ADI shares. Stifel Nicolaus upped their price target on shares of Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a report on Friday, July 18th. Evercore ISI upped their price target on shares of Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Truist Financial boosted their target price on shares of Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research note on Thursday, August 21st. Morgan Stanley boosted their target price on shares of Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Barclays boosted their target price on shares of Analog Devices from $185.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $273.53.

Analog Devices Stock Up 0.0%

Analog Devices stock opened at $247.56 on Friday. The company has a 50-day simple moving average of $239.79 and a 200-day simple moving average of $222.12. The firm has a market capitalization of $121.79 billion, a P/E ratio of 63.15, a P/E/G ratio of 2.09 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $258.13.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a yield of 1.6%. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.

Insider Activity at Analog Devices

In other Analog Devices news, SVP Katsufumi Nakamura sold 2,490 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president owned 13,549 shares of the company’s stock, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $246.25, for a total transaction of $3,078,125.00. Following the transaction, the senior vice president directly owned 63,048 shares in the company, valued at approximately $15,525,570. The trade was a 16.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,240 shares of company stock worth $10,300,738 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.